Latin America

Latin America
Saturday, June 13th 2009 - 06:11 UTC

US Congress offers support for Peruvian Amazonia land disputes

The United States Government and Congress will support Peru in finding a solution through dialogue, with indigenous communities regarding the improvement of the Forestry and Wildlife Law, which is essential for the for the implementation of the bilateral Free Trade Agreement (FTA), the Ministry of Foreign Trade and Tourism (Mincetur) reported Friday.

Friday, June 12th 2009 - 21:43 UTC

Payments to Chilean businesses in Venezuela delayed

Mounting sourness in relations between Chilea and Venezuela’s Chavez

Venezuelan President Hugo Chávez has rescheduled his visit to Chile yet again, amidst growing tensions related to his country’s failure to make timely payments to 52 Chilean businesses – a sum amounting to more than 80 million US dollars.

Friday, June 12th 2009 - 18:15 UTC

Clearing the Amazon for cattle and soy a “boom-bust cycle”

Rich countries thinking about mechanisms to reward rainforest conservation

Cutting down Amazon forest for cattle and soy does not bring long-term economic progress, researchers say. A study of 286 Amazon municipalities found that deforestation brought quick benefits that were soon reversed.

Friday, June 12th 2009 - 18:08 UTC

Lack of snow postpones beginning of Chile’s ski season

The winter sports industry eagerly hoping for “bad weather”

Ski addicts will have to wait a little longer this year before they can begin gliding down Chilean slopes. Although ski resorts were set to open this week, the lack of precipitation - and consequently of snow – has forced ski resorts to postpone their openings until at least the end of June.

Friday, June 12th 2009 - 17:44 UTC

Lan Chile changing the controversial speed sensors of its Airbus fleet

Pitot probes measure air pressure and by extension the speed of the aircraft.

Chile’s flag carrier began changing the airspeed sensors in all its Airbus planes following on the steps of Air France’s decision as a consequence of the loss of flight 447 in the Atlantic Ocean with 228 people on board.

Friday, June 12th 2009 - 17:23 UTC

Ecuador celebrates sovereign “defaulted” bonds repurchase

Correa called the financial operation a “resounding victory”

Ecuador announced Thursday it had bought back 91% of its “defaulted” bonds via an international auction with drastic rebates of 65% to 70%. The amount involved in the operation was 3.37 billion US dollars.

Thursday, June 11th 2009 - 09:05 UTC

Latinamerica forecasted to contact 1.7% with mild recovery at end of 2009

Less trade flows, remittances and tourism is heavily impacting on Latam

Latinamerica will experience this year a 1.7% contraction (negative growth), the first time since 2002, basically because of a severe fall in global trade and remittances according to the United Nations Economic Commission for Latinamerica and the Caribbean, CEPAL.

Thursday, June 11th 2009 - 06:39 UTC

Buenos Aires and Santiago most liveable cities of Latinamerica

The Chilean capital is seen “as a gem of the security and order in the region”

Santiago de Chile is Latinamerica’s second best city in terms of “liveability,” according to a new report by British magazine “The Economist.”

Thursday, June 11th 2009 - 06:30 UTC

Peru’s Congress suspends land laws that triggered violent clashes

President Alan García faces a serious political challenge

Peru's Congress voted on Wednesday to temporarily suspend two land laws that ignited violent clashes between protesting indigenous groups and security forces last week killing at least 60 and claims of missing protestors.

Wednesday, June 10th 2009 - 07:46 UTC

Peruvian minister resigns over killings in clashes with Indians

Carmen Vildoso first political consequences of the clashes in Amazonas

Carmen Vildoso, Peru's Minister of Woman's Affairs and Social Development, submitted her resignation from the cabinet late Monday on discrepancies over how the government managed the unrest of indigenous peoples in northern Peru that left at least sixty dead and dozens wounded.

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